The Panel has consented to a request by Australian Securities and Investments Commission to withdraw its application to the Panel dated 28 June 2016 (see TP16/45), in relation to the affairs of Condor Blanco Mines Limited (administrator appointed) (Condor).
The Panel has made interim orders1 in response to an application for interim orders dated 28 June 2016 by Australian Securities and Investments Commission in relation to Condor Blanco Mines Limited.
The Panel decided to make interim orders to prevent the disposal of Condor shares held by or on behalf of parties alleged to be associated.
The interim orders have effect until the earliest of further order of the Panel, determination of the proceedings or 2 months from the date of the interim orders.
The Panel today published the reasons for its decision on an application dated 27 June 2016 from Sandon Capital Investments Limited in relation to the affairs of Warrnambool Cheese and Butter Factory Company Holdings Limited.
Details of the Panel's decision can be found at TP16/47.
The Panel's reasons for its decisions are on the Panel's website.
The Panel has declined to conduct proceedings on an application dated 27 June 2016 from Sandon Capital Investments Limited in relation to the affairs of Warrnambool Cheese and Butter Factory Company Holdings Limited.
The application concerns the entitlement offer announced by Warrnambool on 10 June 2016 (see TP16/43). Among other things, the applicant submitted:
The Panel today published the reasons for its decision on an application dated 24 June 2016 from Fortress Centaurus Global Master Fund Ltd in relation to the affairs of Ainsworth Game Technology Limited.
Details of the Panel's decision can be found at TP16/42.
The Panel's reasons for its decisions are on the Panel's website.
The sitting Panel was Richard Hunt, Andrew Lumsden and Vickki McFadden (sitting President).
The Panel has received an application from Australian Securities and Investments Commission in relation to the affairs of Condor Blanco Mines Limited.
Details of the application, as submitted by the applicant, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.
The fees payable for Panel applications are indexed each year from 1 July based on any increase in the Consumer Price Index, pursuant to the Corporations (Fees) Act 2001 (Cth) and Corporations (Fees) Regulations 2001 (Cth).
With effect from 1 July 2016, as a result of indexation, a fee of $2,350 is payable on an application to the Panel.
Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597
allan.bulman@takeovers.gov.au
The Panel received an application from Fortress Centaurus Global Master Fund Ltd in relation to the affairs of Ainsworth Game Technology Limited (AGI). The application concerns the adjournment of the shareholders' meeting to vote on the sale of AGI's chairman's controlling stake in AGI under item 7 of s611.1 The meeting is due to be held at 9.30am today, Monday 27 June 2016.
Details of the application, as submitted by the applicant, are below.